Govt gets 5 proposals worth Rs 1.53 lakh cr for chip, display units

22 Feb 2022 CW Team

According to a statement, the central government has received proposals from five companies for setting up the electronic chip and display manufacturing plants with an investment of Rs 1.53 lakh crore.

The Ministry of Electronics and IT said Companies like Vedanta Foxconn JV, IGSS Ventures and ISMC had proposed to set up electronic chip manufacturing plants with an investment of $13.6 billion and sought the support of $5.6 billion from the government under the Rs 76,000 crore Semicon India Programme.

Vedanta and Elest have proposed to set up a display manufacturing plant with an investment of $6.7 billion and sought the support of $2.7 billion from the government under the scheme for setting up Display Fabs across India.

SPEL Semiconductor, HCL Technologies, Syrma Technology and Valenkani Electronics have registered for semiconductor packaging, and Ruttonsha International Rectifier has registered for compound semiconductors.

Other companies, including Terminus Circuits, Trispace Technologies and Curie Microelectronics, have submitted applications under the Design Linked Incentive Scheme.

Image Source

Also read: Vedanta partners with Foxconn to produce semiconductors in India

Infrastructure Transport

07 Apr 2026

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..